Are You Franchise Ready? Expert Insights from a Franchise Attorney

Elias Correa Menendez

Tom Scarda Interviews Franchise Attorney Elias Correa Menendez

In this episode of The Franchise Academy, Tom Scarda sits down with franchise attorney Elias Correa Menendez to dive deep into the world of franchising. They discuss how to determine if your business is ready to become a franchise, why existing franchise owners offer the best advice, and the key steps to turning your business into a successful franchise. Elias also shares valuable insights on what franchise buyers wish they had done differently and how proper legal guidance can set you up for success.

Tune in to learn:

✅ How to assess if your business is franchise-ready

✅ Why franchise owners have the best advice for newcomers

✅ The legal and structural steps to becoming a franchise

✅ Lessons learned from franchisees looking back on their journey

If you're an entrepreneur considering franchising, this episode is packed with must-know insights!

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Born and raised in San Juan, Puerto Rico, Elias had always had an interest in practicing law. After receiving his JD from the Catholic University of Puerto Rico, magna cum laude in 2002, and his LL.M. from Tulane University in Commercial Law, Elias was mentored by an experienced business attorney and has since then had a passion for working with entrepreneurs and businesses of all sizes.

Having an influential mentor inspired Elias to be a critical thinker and problem solver. Elias understands that the function of law is to promote an environment of growth and security. What Elias truly enjoys is getting to know his client’s business in depth and use this knowledge to improve their corporate structure, anticipate potential issues, and solve ongoing disputes. His preferred area of practice includes franchise law, negotiation and structuring acquisitions of businesses, including membership interest purchase agreements and disposition of corporate assets. He has also represented clients in structuring subscription agreements and private placement memorandums.